HICL Infrastructure (LON:HICL) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

HICL Infrastructure PLC (LON:HICL)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 126.02 ($1.65) and traded as high as GBX 130 ($1.70). HICL Infrastructure shares last traded at GBX 129 ($1.69), with a volume of 1,812,973 shares traded.

HICL Infrastructure Stock Down 0.2 %

The company’s 50 day simple moving average is GBX 128.97 and its 200-day simple moving average is GBX 126.02. The firm has a market cap of £2.61 billion, a P/E ratio of 6,450.00 and a beta of 0.30.

HICL Infrastructure Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Thursday, July 25th were given a dividend of GBX 2.06 ($0.03) per share. This represents a yield of 1.65%. The ex-dividend date of this dividend was Thursday, July 25th. HICL Infrastructure’s dividend payout ratio is currently 40,000.00%.

Insider Buying and Selling at HICL Infrastructure

In other news, insider Rita Akushie bought 1,195 shares of the stock in a transaction dated Friday, August 30th. The shares were acquired at an average cost of GBX 127 ($1.66) per share, with a total value of £1,517.65 ($1,986.19). 0.20% of the stock is currently owned by corporate insiders.

About HICL Infrastructure

HICL Infrastructure PLC specializes in direct and fund of funds investments. For direct investments, it seeks to invest in infrastructure projects. It invests in project companies which have not yet completed the construction phases of their concessions including project companies which are in the process of bidding for project concessions.